Stockholders' Equity

6 Months Ended

Jun. 30, 2018

Stockholders' Equity

Stockholders' Equity

9. Stockholders’ Equity

Common Stock

The Company issued 0.7 million shares of common stock during the six months ended June 30, 2018.

Share Repurchase Programs

The Board of Directors authorized the following share repurchase programs (in thousands):

Program Authorization Date	Program  Termination Date	Program  Amount
October 2017	December 2018	$	100,000
January 2017	December 2017	$	100,000

These programs allow for repurchases to be made in the open market or in private transactions, including structured or accelerated transactions, subject to applicable legal requirements and market conditions. The Company repurchased 36 thousand shares of its common stock for $3.4 million during the six months ended June 30, 2018. These shares were retired upon repurchase. The Company did not repurchase any shares of its common stock during the six months ended July 1, 2017.

Reclassifications From Accumulated Other Comprehensive Loss

The following table summarizes the effect on net income from reclassifications out of accumulated other comprehensive loss (in thousands):

	Three Months Ended					Six Months Ended
Reclassification	June 30,  2018			July 1,  2017		June 30,  2018			July 1,  2017
Losses on available-for-sales securities to:
Interest income and other, net	$	—		$	—	$	(49	)	$	—
Gains (losses) on cash flow hedges to:
Interest expense	(33		)	—		(33		)	1,808
	(33		)	—		(82		)	1,808
Income tax expense (benefit)	7			—		17			(633		)
Total reclassifications	$	(26	)	$	—	$	(65	)	$	1,175